Michael Perelman: Vietnam – Invitation to a Morass
How the Vietnam War helped usher in neoliberalism, financialization of the economy, and the use of military spending as stealth stimulus.
Read more...Category Archives: Macroeconomic policy
European Voters Deliver the Revenge of the Nation-State
Were the results of the European elections a tremor or an earthquake?
Read more...Michael Perelman: The Rise of Free-Trade Imperialism and Military Keynesianism
On the economic and political origins of America’s stealth imperialism and military Keynesianism, as opposed to Keynes’ original version.
Read more...Randy Wray: What are Taxes For? The MMT Approach
MMT argues that “taxes drive money” in the sense that imposition of a tax that is payable in the national government’s own currency will create demand for that currency. Sovereign government does not really need revenue in its own currency in order to spend.
Read more...Michael Hudson: Stockholm Syndrome in the Baltics – Latvia’s Neoliberal War against Labor and Industry
How Latvia, a test case for neoliberal colonialism, has proven to be a test case of how finance-serving policies crush labor and enterprise.
Read more...Yanis Varoufakis: Virtual Worlds and the Future of Economics
Varoufakis spoke with Senior Editor Peter Suderman about what he learned as a video game economist, the failings of his chosen academic profession, and how computer games and virtual online worlds might be the future of macroeconomics.
Read more...Yanis Varoufakis: Europe’s Slide into Deflation, and What to do About It
By Yanis Varoufakis, a professor of economics at the University of Athens. Cross posted from his website. From an interview for Jornal de Negócios by Jorge N. Rodrigues Europe is in the clasp of the deflationary forces that resulted directly from its inane handling of the Eurozone crisis. In this interview, I discuss deflation and […]
Read more...Philip Pilkington: Piketty’s Regressive Views on Public Debt and the Potential Impact of His Book
Piketty’s Wikipedia page says that he’s a Keynesian. Well, I don’t see it at all. His book contains a section on the public debt in historical perspective and it is desperately misinformed.
Read more...MMT Does Do Policy
Randy Wray clears up some of the “bizarre” claims that have been made about Modern Monetary Theory
Read more...Yanis Varoufakis on the “Success” of Greece’s Bond Sale
Yves here. The RT show Boom/Bust has an informative conversation with Yanis Varoufakis on the conundrum of the recent successful Greece bond offering.
Read more...Joe Firestone: Using Generational Warfare to Divert Attention from Oligarchy and Corporatism
Some of the favored children of the economic elite who have a public presence, work hard in their writing and speaking to divert attention from inequality and oligarchy issues by raising the issue of competition between seniors and millennials for “scarce” Federal funds.
Read more...Paul Ryan’s “New” Austerity Budget
Paul Ryan’s austerity budget is demonstrably failed economic policy in a new bottle.
Read more...IMF Imposing Even Tougher Austerity Conditions on New Loans
How the IMF has been devising even nastier versions of its austerity hairshirt in recent years.
Read more...Bill Black: Deflation Dementia
Yves here. This piece by Bill Black not only does a great job of kneecapping some typically poor MSM reporting, but it’s also valuable as a high-level overview of the insanity of European economic policies.
Read more...Philip Pilkington: How Krugman’s Addiction to the ISLM Model Has Led to Repeated Bad Forecasts
Some people often ask why I complain about Krugman. “Hey Phil, Krugman is a good guy. He likes government spending. You like government spending. Therefore you must like Krugman,” says our budding young Socrates. Well, I’ll tell you why….
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